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This should help you with your clients, my advice to you is get your clients in front of me no matter when their issue or what their issue was. That way I can set them on a path of follow up so when the time does arise we both earned their business.

Federal Housing Administration (FHA)

Foreclosure: 3 years

Deed-in-Lieu: 3 years

Short Sale: 3 years (Note: A Short Sale with NO late payments requires NO Seasoning!)

Bankruptcy: 2 years

Conventional Conforming (FNMA/FHLMC)

Foreclosure: 7 years

Deed-in-Lieu: 2 years with max LTV of 80%; 4 years with a max LTV of 90%; 7 years for LTVs exceeding 90%

Short Sale: 2 years with max LTV of 80%; 4 years with a max LTV of 90%; 7 years for LTVs exceeding 90%

Amerifirst Financial Disclosure- The opinions expressed here are the personal opinions of Ricky Khamis. Content published here is not read or approved by Amerifirst Financial before it is posted and does not necessarily represent the views and opinions of Amerifirst Financial.